When gifting exceptions apply

We have some exceptions to how we assess gifting.

Granny Flat interest

If you transfer a house for less than its value, it may not be a gift. This applies if you get a right to live there for life. We call this a granny flat interest.

Read about the granny flat interest.

Forgone wages

If you transfer a farm for less than its value, it may not be a gift. This applies if it’s in return for past unpaid work. We call this forgone wages.

Read about forgone wages.

Special Disability Trusts

It may not be a gift if you give up to $500,000 to a Special Disability Trust. For it not to be a gift, both of the following must apply:

  • you’re an immediate family member of the principal beneficiary
  • you’re of Age Pension Age.

Read about Special Disability Trusts.

Page last updated: 6 December 2019